Texas Finance Code 345.056 – Use of Optional Ceiling
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Terms Used In Texas Finance Code 345.056
- Contract: A legal written agreement that becomes binding when signed.
As an alternative to the maximum rate or amount authorized for a time price differential under § 345.055 or 345.057, a retail installment contract may provide for a rate or amount of time price differential that does not exceed the rate or amount authorized by Chapter 303.